Announced Fed Chair Replacement — Washington Expects Monetary Stimulus to Deliver Economic Relief

On January 30, 2026, Donald Trump announced his intention to appoint Kevin Warsh as Chair of the Federal Reserve System after Jerome Powell's term ends in May 2026. This appointment occurs amid growing debate over the Fed's independence and heightened criticism of Powell from the White House.

Warsh, a former member of the Fed's Board of Governors and US representative to the G20, is known for his criticism of the Fed's current policy and inclination toward rate cuts, which immediately places him at the center of the interaction between politics and finance.